ALBANY, New York, Aug. 13 -- Gov. Andrew Cuomo, D-New York, issued the following statement on a federal court ruling upholding New York's right to protect its health insurance market:

"UnitedHealthcare of New York's lawsuit against the state attempted to put the profits of a large insurance company over the stability of New York's health insurance market. In dismissing the suit, the federal court has not only affirmed that the Affordable Care Act expressly provides states with the authority to implement their own risk adjustment rules, but upheld New York's right and responsibility to promote and protect its health insurance market and broad access to affordable care for all New Yorkers.

"In New York, we believe health care is a right, not a luxury. While President Trump tries to tear health care away from millions of Americans, New York is committed to ensuring that every New Yorker has access to quality, affordable health care.

"We are proud that a record 95 percent of New Yorkers have health insurance coverage, and we won't let President Trump or wealthy insurance companies take us backwards."